Canal Street Beat | New Orleans Real Estate News

Bruno Acquires 336 Unit, 16 Acre Oakmont Apartments

December 16, 2014 • Acquisitions, Multi Family, West Bank • 9045

New Orleans-based Bruno, Inc. has acquired the 336 unit Oakmont Apartments on the Westbank. Joshua Bruno, President/CEO of Bruno, Inc., partnered with Raj Pandit, managing member of Pandit Law Firm, LLC to buy the property. The two recently purchased Oakmont Apartments from a Chicago-based real estate investment trust with an eye toward its future potential. According to city [&hellip
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American Can Gets Retail Upgrade

December 15, 2014 • Mid-City, Retail • 6094

In 2013, the 268-unit American Can Company Apartments sold for $30.8 million. Back in August, the new owner, Audubon Communities Management, actually filed plans for the new facelift (check out the pics). Now, we know a little bit more about the design upgrade to the retail portion of the building, thanks to some info from the [&hellip
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Luxury Apartment Renovation at 516 Natchez is Complete, Almost Fully Leased [PICS]

December 12, 2014 • Central Business District, Historic, Multi Family • 7366

New Orleans-based Felicity Property Co. is currently leasing units in the brand new, fully renovated Greek Revival Building in the heart of downtown at 516 Natchez Street. The developer, Patrick Schindler, who is also President of Felicity Property, received historic tax credits for the renovation and kept maybe of the building’s original features while adding [&hellip
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City Names Panel To Pick World Trade Center Developer

December 11, 2014 • News • 4874

New Orleans City Hall has announced the group that will evaluate and rank proposals to redevelop the World Trade Center. The panel of five is made up of: Cindy Connick, executive director of the Canal Street Development Corporation Andy Kopplin, the city’s CAO Bill Gilchrist, the Mayor’s director of “place-based planning” Bob Rivers, executive director of the [&hellip
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Mixed Use Renovation Planned for 217- 225 Chartres Street

December 10, 2014 • Development, French Quarter, Historic, Multi Family, Renovation, Residential, Retail • 9409

Plans were submitted to the city this week for the renovation of two buildings at 217 and 225 Chartres Street. Many people will recognize these buildings as the former French Quarter home of Hurwitz Mintz. Description of the renovation according to the permits filed with the city: “Renovation of existing, vacant, 5 and 3 [&hellip
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New French Quarter Hotel Gets Planning Commission Approval

December 10, 2014 • French Quarter, Hotel & Hospitality • 7149

Today, the City Planning Commission voted to allow the Ducote brothers to move forward with their plans to develop a vacant building into the a hotel, the first in the French Quarter in decades. David and Wayne Ducote, the developers in charge of this project, want to redevelop the seven story building located at 111 Iberville [&hellip
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Developers Get Neighborhood Pushback for CVS on Magazine

December 9, 2014 • Garden District, Magazine Street, Retail • 6122

Developers presenting a plan last week to turn an empty Blockbuster video into a CVS Pharmacy were met with little enthusiasm from neighbors, reports Uptown Messenger. The corner building at Louisiana Avenue and Magazine Street has been vacant since Blockbuster Video closed, although a Subway restaurant and a Green Tea Chinese Restaurant remain open. Developers have plans to [&hellip
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Boutique Downtown Apartment Development Gallier Court is Almost Complete

December 8, 2014 • Central Business District, Commercial, Development, Historic, Legal, News • 6730

Gallier Court is a mixed use development located at 127-129 Carondelet Street that houses eight units on floors two through four, and commercial space on the ground floor. Vom Fass, the retailer that sells oils, liquors, wines and more, is currently under construction and on track to open in January 2015. The company plans to [&hellip
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Martin Wine Cellar To Reopen Baronne Street Next Week

December 3, 2014 • Retail • 4384

Martin Wine Cellar at 3827 Baronne Street will reopen next week, according to a report by Uptown Messenger. The store has been closed since Katrina. Earlier this year, owner Cedric Martin announced that renovations were under way, and that they would open in 2014. True to his word, Martin told Uptown Messenger yesterday that construction is almost complete and [&hellip
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Stirling Properties Continues Expansion; Opens New Office in Pensacola

December 2, 2014 • Acquisitions, Awards & Recognition • 5926

With $276 million under development, including a second phase of Fremaux Town Center, Mandeville- based brokerage firm Stirling Properties has been on a tear. So it should comes as no surprise that they’ve just announced the opening of a new office in Pensacola, Florida. This new office comes on the heels of their gulf coast expansion that got [&hellip
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